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$ 1,798,000
Est. payment /mo
New
253 Cambridge St Cambridge, MA 02141
2,922 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,922 sqft
Price per Sqft $615
MLS Listing ID 73367367
HOA Y/N false
Year Built 1900
Annual Tax Amount $11,548
Tax Year 2024
Lot Size 871 Sqft
Acres 0.02
Property Description
Very rare to the market mixed-use property in this prime Cambridge location, just minutes from Kendall Square, MIT, Cambridge Hospital, Inman Square, and Lechmere Station. This 3-story brick building features a street-level restaurant and two residential units above. All 3 units are Tenant-at-Will, offering flexibility for repositioning or rent increases. Current rents are well below market, presenting immediate upside for investors. The restaurant space has excellent visibility along Cambridge Street and tremendous branding potential. Styled as a unique concept like "The Record Room", a nod to its across the street proximity to the Middlesex South Registry of Deeds, the concept could thrive with the tagline: “Where Deals Get Sealed.” Get creative with it and make this your cash cow! Ideal for investors or entrepreneurs looking for versatility in a high-demand area. Showings by appointment only. Please do not disturb the restaurant tenant. Also listed under Multi-Family MLS #73367362.
Location
State MA
County Middlesex
Zoning BA
Direction Use GPS.
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Roof Type Rubber
Others
Senior Community false
Listed by Mr. Chaddles Real Estate